What is the aim of concurrent controls?

Concurrent controls are designed to manage process performance as it is happening. The key focus of this control type is on addressing issues in real time, allowing for immediate corrective actions to ensure that operations align with established standards and objectives. By intervening during the processes, concurrent controls help to maintain operational efficiency and effectiveness, thereby minimizing potential disruption that could arise from unaddressed problems.

This approach is particularly important in dynamic environments where conditions can change rapidly, necessitating timely adjustments. For instance, in a manufacturing setting, if a machine begins to produce defective products, concurrent controls would involve monitoring the output and making immediate adjustments to rectify the situation before it leads to larger-scale issues.

The other options represent different types of control mechanisms. Preventive controls focus on stopping problems before they occur, while corrective controls aim to fix issues after they have been identified. Establishing a future business strategy falls under strategic planning rather than control processes. Thus, solving problems as they occur is the essence of concurrent controls, making it the appropriate choice.